CATL tops China's corporate subsidies list, outranking oil majors

HONG KONG -- Leading Chinese battery manufacturer CATL has become the top recipient of state subsidies among all mainland listed companies, highlighting a sharper strategic focus just as such government support draws scrutiny in the West.

Last year marked the first time Contemporary Amperex Technology, as the electric-vehicle battery maker is formally named, has ranked No. 1 in subsidy receipts among more than 5,000 mainland businesses, according to data compiled by Chinese information provider Wind and surveyed by Nikkei Asia.